Hedgies Come Up Double Losers
Considering how much money they make, hedge fund managers shouldn’t be too surprised if they arouse no sympathy for the money they lose, their own cash that is. When a firm like Amaranth Advisors or Vega Asset Management founders and flops, reports Financial News, its investors wallow in their own despair, hedgies’ misery is double.
October 22, 2006